INSIDE

Marina purchase on track

By Meg Olson

“Full-steam ahead,” is how Cobalt Properties principal Stephen MacKay describes his company’s bid to buy the local marina.

MacKay said the contract to purchase the property and facilities now owned by P.R. Marina Limited Partnership remains in effect and under a confidentiality agreement he cannot disclose details of the proposed sale. “We’re still moving along on the timeline we anticipated,” he said. “So far we’re pleased with what we see.”

Following the January 19 decision by local water commissioners to extend the moratorium on water connections until July 2007 and turn down a proposal by Stanton Northwest for the issuance of conditional certificates of availability, MacKay said any plans his company has for new development at the marina was “a little far out” to be affected by the lack of water connections at this time. “But we do want it resolved,” he said.